Yerbae

Deal To Watch
BETA

PLANT-BASED Enhanced Sparkling Water

Analytics

Raised to Date: $389,369

Aggregate Commitments $
Platform

StartEngine

Start Date

09/25/2020

Close Date

12/24/2020

Min. Goal

$9,998

Max. Goal

$1,069,942

Min. Investment

$246

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$34,000,000

Weekly Commitments $
Status

Active

Reporting Date

12/02/2020

Days Remaining

21

% of Min. Goal

3,894%

% of Max. Goal

36%

Likelihood of Max
Avg. Daily Raise

$5,726

# of Investors

291

Momentum
Location

Scottsdale, AZ

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

Yerbae, with a pre-money valuation of $33.9 million, is raising crowdfunding on StartEngine. The company makes plant-based, zero-calorie, enhanced sparkling water. The beverage of Yerbae comes bursting with flavor and functionality, and helps in digestion, boosting metabolism, cardiovascular health, and increased physical endurance. Todd Gibson and Karrie Gibson founded Yerbae in August 2020. The current crowdfunding campaign of the company has a minimum raise of $9,998.08 and a maximum raise of $1,069,942.22. Yerbae has sold over 10 million cans across the country since its launch and has grown 333% in net sales since 2017. It has multiple retail partners, including WaWa, Circle K, Walmart, and Safeway, and is starting new distribution relationships with Pepsi.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$3,610,897

$1,887,808

COGS

$2,345,233

$1,463,647

Tax

$674

$3,778

 

 

Net Income

$-2,694,314

$-2,008,195

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$542,633

$219,143

Accounts Receivable

$328,193

$20,171

Total Assets

$1,287,970

$727,495

Short-Term Debt

$406,163

$2,953,437

Long-Term Debt

$0

$0

Total Liabilities

$406,163

$3,882,313

Ratings

last updated 12/03/2020

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Analyst Report

Deal To Watch
Ratings Platform - Beta Trial

Our new ratings and analytics platform is currently in Beta. To gain access to the Beta platform features, upgrade to a Pro paid account and accept the Beta terms on any page.

For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.
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